How to close your business?

Quite often, the founders of those companies that have ceased their activities are in no hurry to close them. They are sure that after a while on the initiative of the tax authority the company will be liquidated automatically.
Quite often, the founders of those companies that have ceased their activities are in no hurry to close them. They are sure that after a while on the initiative of the tax authority the company will be liquidated automatically. Indeed, the tax Inspectorate has such powers.According to the legislation, if a legal entity has not provided reports and has not performed any operations on its accounts for the last year, it is actually considered that it has ceased operations. Such a decision should be taken by the registering body.
Closing a large business, it is desirable to enlist the support of a trusted lawyer and accountant. Continue reading →